this post was submitted on 09 Mar 2024
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[–] onion@feddit.de 51 points 7 months ago (4 children)

Back then you could buy expensive products that were made to last. Today we can mostly choose between cheap products that don't last and expensive product that don't last either

[–] mods_are_assholes@lemmy.world 6 points 7 months ago (1 children)

Island economics, as long as the U.S. was mainly a closed system or a net exporter, we could do that because of a strong dollar.

Now that the entire world is a market, our actual dollar, or more accurately, the value per work hour, is staggeringly low compared to our grandfathers.

We literally cannot afford to buy lifelong products anymore despite manufacturing getting cheaper because our buying power dropped faster.

[–] MotoAsh@lemmy.world 4 points 7 months ago (1 children)

Oh sure, blame it on the consumers and not the rich assholes who cut corners on their products year after year after year in search of higher profit margins...

[–] QuarterSwede@lemmy.world 12 points 7 months ago (1 children)

I don’t think they’re blaming it on consumers. And they aren’t wrong either. The power of the dollar is far less than it was even in the Great Depression. Thanks late stage capitalism!

[–] MotoAsh@lemmy.world 6 points 7 months ago (1 children)

The reason why wealth inequality has skyrocketed has less than nothing to do with the buying power of a single dollar. It's completely missing the cause.

[–] QuarterSwede@lemmy.world 1 points 7 months ago (1 children)

I don’t think anyone is actually talking about the cause. Doesn’t make their point any less valid.

[–] MotoAsh@lemmy.world 0 points 7 months ago

It kinda' does make it less valid when using it first is an implication away from the root cause.

We should not glorify red herring thought patterns.

[–] makyo@lemmy.world 4 points 7 months ago

I was just the other day reading this article about how fast fashion has ruined vintage shopping because there's this decades-long gap now between when clothes were made to last and our more recent obsession with fast fashion. People used to discard clothes because they were out of style and not because they just looked like crap after 16 months.

[–] MossBear@lemmy.world 1 points 7 months ago

Notable mention....I bought an Oster blender 20 years ago that's still going strong.